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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Helicopter Simulator Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Helicopter Simulator market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The global helicopter simulator market size was valued at USD 961.5 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2020 to 2027. The growth of this market can be attributed to the rising demand for helicopters for commercial activities, emergency medical services, increasing fuel costs, and rising need for safety of pilots. An increasing number of helicopter pilot training institutes across the world, coupled with the growing demand for pilots, is expected to spur the demand for helicopter simulators. Additionally, technological advancements and quality of simulation products is also anticipated to escalate product demand. Increasing demand for full flight simulators (FFS) is also anticipated to fuel market growth over the forecast period. Full flight simulators are equipped with motion and visual systems to offer a realistic experience to the pilot while training.
The motion system is designed to replicate the movements and sensations of a real helicopter precisely. The visual system can create an illusion of objects and obstacles near the flying zone, which include environmental parameters like mountains and hilly terrains. Additionally, it also provides 180-degree satellite quality view. Several benefits offered by these machines, such as advanced cockpit features and the ability to provide training within an original helicopter shell is expected to result in increasing adoption of these machines over the coming years.
Helicopters are unstable machines and are complex to handle and operate due to the vibrations generated by the body of the helicopters, which causes accidents. Additionally, training in a helicopter is directly associated with the high fuel and maintenance cost. As such, training on simulators has become essential owing to the safety of the pilot and the costs of actual helicopters. In this scenario, simulators can provide tactical and mission training for commercial as well as military activities without any accidents. Furthermore, simulators can provide training for long hours at significantly low costs, as compared to high expenses incurred with fuel and maintenance of actual helicopters, which is expected to drive the market.
High purchase, operating, and maintenance costs associated with helicopter simulators are anticipated to pose a challenge to industry growth. Additionally, the high expenses involved in the training of professional pilots may also hinder industry growth over the forecast period. However, increasing demand from the civil segment for pilot training especially for harsh conditions and difficult terrains may catapult market growth. Also, technological advancement in helicopter platforms, coupled with the increasing emphasis on improving passenger safety, is estimated to favourably impact industry growth. Furthermore, initiatives and mandated introduced by government and private institutions regarding simulation-based training and simulation-based pilot certification may also fuel market growth over the forecast period.
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Helicopter Simulator market are included as given below:
Thales Group
Indra Sistemas
Lockheed Martin Corp.
Frasca International Inc.
FlightSafety International Inc.
Elbit Systems, Ltd.
Computer Sciences Corp.
CAE Inc.
Rockwell Collins
ELITE Simulation Solutions
The global Helicopter Simulator market has been segmented as below:
Product Outlook (Revenue, USD Million, 2016 - 2027)
Full Flight Simulators
Fixed Base Simulators
Application Outlook (Revenue, USD Million, 2016 - 2027)
Military
Commercial
Region Outlook (Revenue, USD Million, 2016 - 2027)
North America
o U.S.
o Canada
Europe
o U.K.
o Germany
o France
Asia Pacific
o China
o India
o Japan
Latin America
o Brazil
o Mexico
Middle East & Africa
Global Helicopter Simulator Market by Region
o North America
o Europe
o Asia Pacific
o Rest of the World
Reasons to Purchase this Report:
Estimates Helicopter Simulator development trends with SWOT analysis
Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion
Market dynamics scenario, along with growth opportunities for players in the years to come
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects